Joel Silver Vs Goldman Sachs To Proceed

Bert Fields announced that Joe Silver has “won Round One” against Goldman Sachs. That’s because the entertainment biz litigator says Federal Judge Ronald S. W. Lew ruled Tuesday that Silver’s multi-pronged lawsuit alleging breach of contract and fraud against the giant investment banker could go forward to trial. Ruling from the bench, Judge Lew denied Goldman’s motion to dismiss Silver’s complaint. “Obviously, we’re very pleased with Judge Lew’s decision. It’s a complex case, but he seemed to have it down cold,” Fields said in a statement. Silver is claiming Goldman Sachs stiffed him on more than $30 million from a share of revenue from his Dark Castle Films. To put the lawsuit in context, the relationship began in those financially flush days of 2007 when Wall Street was eager to invest in the movie biz. But then the financial crisis hit, and Silver sued a year ago.

5 Comments

Silver sucks • on May 11, 2011 2:01 am

Wow, this guy alleges fraud and breach. He and his tweedle Dee and tweedle dum – Rona and Richards -stop us in the middle of a pitch meeting and say they want to buy the project and please don’t show it to anyone else. Don’t hear fro them for three weeks. When we do they say they are out of development money all that hedge fund money can only be used for projects with completed scripts and could we front/defer the monies on thee offer they made weeks earlier. Wow broke but Joel throws a huge party with valet the whole nine yards at his house that weekend. Joel’s glory days are behind him and when it all shakes out I’m sure he will be found to be the one who conned GS.

Rob J. • on May 11, 2011 2:01 am

Oooooooh, if only both sides could lose this case!

tom • on May 11, 2011 2:01 am

Hey Rob,

Wouldn’t that be lovely….

777 • on May 11, 2011 2:01 am

Goldman Sachs does not represent the Wall street firms. Goldman Sachs are crooks, anyone should know they get in bed with anyone to help serve themselves, they got in bed with the Republicans, Democrats, Feds, SECOND, hookers, janitors….basically anyone if there’s something there for them to get from them. Goldman Sachs will sell out their own mothers for a nickel, so why would anyone in their right mind entrust money with them? Low life is in every sector and every economics back ground, especially government workers are the lowest of life forms! Do business only with people with character, integrity, and honorable and you won’t get scewed! Famous quote ” You lay down with dogs, you shall rise up with fleas! “. So look for individuals with character and trust them…stay away from ” low lifes “.

jim • on May 11, 2011 2:01 am

Not really sure what my opinion is on this. One side is a big gigantic investment bank that played a big part of starting the recession. Then on the other hand a rich hollywood producer who already has enough money and is worth millions of dollars. Id say scrrw them both but would like to see goldman sachs lose more because of there part ( intentionally) that started the recession. Somebody explain to me why goldman sachs still has clients after the intentionally bet againist there clients and gave them wrong information on purpose that’s cost them millions of dollars. Why would they keep goen back?